India Steel Market Watch
October 6: Handling of steel (exports and imports) by Magdalla Port stood at 84,000 tons in August 2015, as per provisional data available from port sources with ISMW.
The handling of steel by the port in August 2014 stood at 60,000 tons, which shows that handling in August this year was up 40% on a y-o-y basis.
The handling of iron ore by the port during the first five months of 2015-16 (April- August) stood at 250,000 tons against 244,000 tons handled in the same period of 2014-15.
A volume of 84,000 tons of steel exports was handled via this port in August 2015, which is 180% higher than 30,000 tons steel exported in August 2014.
The export of steel by the port during the first five months of 2015-16 (April- August) stood 196,000 tons while 144,000 tons were exported in the same period of 2014-15.
While there was no import of steel via Magdalla Port in August 2015, 30,000 tons were imported in August 2014.
The import of steel by the port during the first five months of 2015-16 (April- August) stood at 54,000 tons against 100,000 tons imported in the same period of 2014-15.